Analysis
2020, April, 10, 12:10:00
U.S.$ DOWN
Against the euro EUR=EBS, the dollar last stood at $1.0941, on course for 1.3% weekly decline.
2020, April, 10, 12:05:00
NOVATEK'S PRODUCTION UP BY 2.1%
In the first quarter 2020, NOVATEK’s hydrocarbon production totaled 150.2 million barrels of oil equivalent
2020, April, 10, 11:55:00
U.S. RIGS DOWN 62 TO 602
U.S. Rig Count is down 62 rigs from last week to 602, Canada Rig Count is down 6 rigs from last week to 35
2020, April, 9, 12:05:00
OIL PRICE: NEAR $34
Brent rose by almost 2.6%, or 87 cents, to $33.71 a barrel, WTI were up 5%, or $1.27 cents, at $26.36 a barrel
2020, April, 9, 12:00:00
SAUDI ARABIA, RUSSIA, U.S. CONVERSATION
The United States has become the world’s largest producer but Trump’s administration has shown no appetite to mandate cuts.
2020, April, 9, 11:55:00
SAUDI ARABIA, RUSSIA, U.S. REDUCTION
Saudi Arabia and Russia, the two OPEC+ leaders, have insisted that they will only participate if the US also agrees to production cuts.
2020, April, 9, 11:50:00
OPEC+ SEEKS CUTS TO 15 MBD
The oil market has collapsed due to the coronavirus pandemic, as well as the inability of the OPEC+ alliance to agree on a production cut strategy at its last meeting March 5-6, when Russia rejected a Saudi-led proposal for deeper cuts.
2020, April, 9, 11:45:00
CHINA STOCKS UP
China - at the close, the Shanghai Composite index was up 0.37% at 2,825.90.
2020, April, 9, 11:40:00
GOLD PRICE UP
Spot gold rose 0.6% to $1,654.94 per ounce by 0719 GMT, having hit a four-week high of $1,671.40 on Tuesday. It has risen more than 2.3% this week.
2020, April, 9, 11:35:00
SUB-SAHARAN AFRICA RECESSION 2020
Growth in Sub-Saharan Africa has been significantly impacted by the ongoing coronavirus outbreak and is forecast to fall sharply from 2.4% in 2019 to -2.1 to -5.1% in 2020, the first recession in the region over the past 25 years,
2020, April, 9, 11:30:00
INDIA'S COAL IMPORTS DOWN
India's coal import in March stood at 15.74 million tonnes (MT), down 27.5 per cent over last year,
2020, April, 8, 12:05:00
OIL PRICE: NEAR $32
Brent was up by 21 cents, or 0.8%, at $32.08 per barrel, WTI rose 82 cents, or 3.8%, to $24.45 a barrel
2020, April, 8, 11:55:00
OPEC+ U.S.: NO INDICATIONS
OPEC has been open to counting natural production declines in its output cut agreements, but there is no indication the US would be willing to sign up to that, and some delegates say Russia might not agree such a dressed-up US cut anyway.
2020, April, 8, 11:50:00
OIL PRICES 2020-21: $30-$46
Brent crude oil prices averaged $32/barrel (b) in March, a decrease of $24/b from the average in February and the lowest monthly average since January 2016.
